Enlightenment - A Herold & Lantern Investments Podcast

June 9, 2025 | Season 7 | Episode 22The financial world is undergoing a seismic shift that few everyday investors fully grasp. Private credit and private equity markets have exploded from virtually nothing to controlling trillions in assets and thousands of companies—all while operating largely outside traditional regulatory frameworks.We take you on a fascinating journey through Wall Street's innovation cycles, connecting today's private market boom to previous financial revolutions like junk bonds in the 1970s and mortgage-backed securities in the 1990s. Understanding these historical patterns reveals how regulatory changes, market conditions, and Wall Street creativity repeatedly transform investment landscapes—sometimes with dramatic consequences.The numbers are staggering: private equity now controls 11,500 companies (up from just 2,000 in 2000), private credit has ballooned to $1.7 trillion, and venture capital firms manage $1.2 trillion across more than 3,000 firms. Meanwhile, public markets remain comparatively sleepy, with only a handful of significant IPOs this year.Bank executives like JPMorgan's Jamie Dimon express mounting frustration that this massive shift occurred "without any forethought on the part of regulators," creating competitive disadvantages for traditional banks. As this capital migration continues from regulated to less-regulated spaces, investors must consider both opportunities and potential risks.For those navigating today's uncertain markets, we explore defensive stock strategies and highlight companies following the Berkshire Hathaway model of combining insurance operations with strategic investments—including Fairfax Financial Holdings, Markel Group, and Loews—that have delivered impressive long-term returns using variations of Warren Buffett's proven approach.Whether you're concerned about market volatility, curious about alternative investments, or simply trying to understand the forces reshaping finance, this deep dive into private markets provides essential context for making informed investment decisions in an increasingly complex landscape.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

June 2, 2025  | Season 7 | Episode 21The global investment landscape may be approaching a pivotal shift after 15 years of US market dominance. While American markets have delivered exceptional returns, mounting evidence suggests international opportunities deserve renewed attention from investors seeking to optimize their portfolios.At the heart of this potential transition is a stark contrast in fiscal trajectories. Since 2000, the US debt-to-GDP ratio has skyrocketed from 33% to over 120% – a staggering 90 percentage point increase. This massive expansion of government debt likely fueled economic growth and market performance, essentially "borrowing from the future" to prime the economic pump. Meanwhile, countries like Germany, Canada, and numerous others have maintained more disciplined approaches, with many actually reducing their debt burdens over the same period.This divergence creates an intriguing investment thesis. Countries that have demonstrated fiscal restraint now have greater flexibility to increase infrastructure and defense spending, potentially creating more favorable investment conditions. Germany's trillion-dollar commitment to these sectors represents a significant departure from previous austerity, while other regions may benefit from shifting trade relationships amid US-China tensions. Early indicators support this view – while the S&P 500 has gained approximately 1.5% year-to-date, international indexes have surged about 14%.Beyond global allocation strategies, this episode explores practical considerations for retirement planning. Despite political uncertainty surrounding Social Security, mathematical analysis confirms that delaying benefits until age 70 provides superior returns compared to commercial alternatives. With a 9.6% higher payout rate than comparable annuity products, the financial advantage of waiting remains compelling for those who can afford to delay.Curious about how these global economic shifts might impact your portfolio? Consider whether your current asset allocation reflects these emerging opportunities and challenges. Have you reviewed your international exposure lately? The next decade of investing may look quite different from the last.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

May 27, 2025 | Season 7 | Episode 20Take a fascinating journey through market valuation that challenges conventional wisdom about wealth measurement. In this eye-opening episode, we explore how perceiving markets solely through dollar-denominated prices creates an illusion of stability, when deeper analysis reveals a more complex reality.The real story emerges when we examine the Dow-to-gold ratio across a century of market history. From its peak of 18 during the 1929 market bubble to 41 during the dot-com frenzy to approximately 12 today, this perspective shows how relative wealth can dramatically shift despite seemingly stable nominal values. While the S&P 500 appears nearly flat year-to-date in dollar terms, a foreign investor would experience an 8.6% loss due to dollar weakness—a sobering reminder that currency matters.We analyze healthcare stocks showing promising technical indicators after five years of significant underperformance, potentially setting up a 21% rebound based on historical patterns. We also examine IBM's surprising premium valuation compared to its historical discount and Google's existential challenge as younger users increasingly "ChatGPT it" rather than "Google it."Looking toward future market leaders, we highlight companies with explosive growth potential: Aurora Innovation revolutionizing autonomous trucking, BYD dominating the Chinese EV market with breakthrough battery technology, and Tempus AI connecting with over 50% of US oncologists through its genomic sequencing business.The bond market reveals perhaps the most profound shift, as Treasury yields now incorporate default risk—evident as credit default swap spreads approach levels comparable to Greece. Combined with diminishing Japanese investor interest and the relatively small size of the high-yield market compared to Treasury issuance, these dynamics create both challenges and opportunities.Understanding relative valuation isn't just academic—it's essential for navigating today's complex investment landscape. Join us as we provide the perspective you need to see beyond nominal figures and grasp what's truly happening to your wealth.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

May 19, 2025 | Season 7 | Episode 19Moody's downgrade of US Treasury debt from AAA to AA1 reverberated through markets, pushing bond yields higher and raising questions about America's fiscal trajectory. This watershed moment, following earlier downgrades by S&P (2011) and Fitch (2023), signals growing concern over the nation's $2 trillion annual deficit and proposed legislation that could add another $3.8 trillion through 2034.The financial impact is immediate but nuanced. As 10-year Treasury yields approach 4.7% – what analysts identify as the tipping point where "equity returns start to waver" – investors face crucial portfolio decisions. Treasury bonds now more effectively compete with stocks for investment dollars, while gold surges $60 to $3,250 on geopolitical concerns. This evolving landscape demands thoughtful consideration of asset allocation between US investments, international stocks, and fixed income.Looking deeper, today's immigration debates mirror historical patterns. The 1950s "Operation Wetback" deported approximately one million people during an economic downturn, highlighting how economic anxiety often drives immigration policy regardless of which party holds power. This historical perspective, championed by successful investors like Ray Dalio, helps contextualize current market conditions and policy decisions.Tech investments continue making headlines, with NVIDIA announcing compatibility tools for competitors' products while Adobe presents a potential value play after falling 10% this year. Trading below 20 times forward earnings (compared to historical 30-40x multiples) with 90% gross margins and insider buying, Adobe maintains advantages in commercial AI applications despite increasing competition.What does this mean for your portfolio? As Treasury yields rise and deficit concerns grow, it's time to reassess your investment strategy. Are you properly positioned for this new environment where fixed income offers more competitive returns? Should you increase international exposure or focus on dividend-paying stocks? Subscribe now and join us as we navigate these critical market shifts together.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

May 12, 2025 | Season 7 | Episode 18A game-changing announcement between the US and China has jolted financial markets into a dramatic rally. The two economic superpowers have agreed to a 90-day pause on tariffs, establishing new benchmarks of 30% on Chinese imports (down from the threatened 145%) and 10% on American goods entering China. This unexpected development has sent futures soaring, with the Dow up over 1,100 points and tech stocks leading the charge.Diving into President Trump's negotiation playbook provides fascinating context for understanding these developments. His 1987 book "The Art of the Deal" reveals tactics that remain strikingly relevant today. Trump wrote about wearing down opponents through persistence and leveraging preconceived notions - strategies clearly visible in his approach to international trade. The current 90-day pause represents not an endpoint but rather the opening phase of continued negotiations, with Treasury Secretary Bessent already planning follow-up meetings with Chinese officials.The market reaction has been nothing short of electric. Companies with significant China exposure are experiencing the biggest gains - Tesla jumping 8%, Amazon 7.5%, and consumer goods retailers like Wayfair surging 12%. The only sector swimming against this bullish tide is pharmaceuticals, as Trump simultaneously advances plans to cut drug prices through executive action.Beyond immediate market movements, we explore America's rapidly aging demographic landscape and what it means for investors. With 20% of the population projected to be over 65 within five years, companies that successfully cater to seniors are positioned for substantial growth. From Apple's intuitive interfaces to Nike's easy-wear footwear designs, smart businesses are finding that products created for older consumers often appeal across generations. The "longevity economy" is creating opportunities in healthcare, technology, transportation, and leisure sectors.We also examine Google parent Alphabet's position amid intensifying AI competition. Despite concerns about search disruption from chatbots, Alphabet trades at just 16.8 times forward earnings - far below the 28 times average of its big tech peers. With YouTube reaching 270 million subscribers and Waymo's self-driving service expanding rapidly, Alphabet's diverse business lines may offer significant upside potential despite competitive pressures.What sectors will benefit most from improved US-China relations? How should investors position for America's demographic transformation? Join the conversation and share your thoughts on today's market-moving developments.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

May 5, 2025 | Season 7 | Episode 17The investment world witnessed a seismic shift as Warren Buffett announced his plan to step down as CEO of Berkshire Hathaway, effective January 1, 2026. While maintaining his chairman role and 14% ownership stake worth $164 billion, Buffett will pass operational control to Greg Abel after an unparalleled career generating a 5,502,000% return over six decades – compared to the S&P 500's 39,000% with dividends.What made Buffett irreplaceable wasn't just his brilliance, but his extraordinary dedication and pattern recognition abilities developed through reading over 100,000 financial statements. Unlike modern investors relying on technology, Buffett built what one journalist called "a form of artificial intelligence" through his obsessive study and near-photographic memory. His success benefited from perfect timing – beginning his career before institutional investors dominated markets – and a unique structure that avoided management fees and market-timing pressures.Though none of us will match Buffett's performance, individual investors share key advantages with him. We can think long-term without pressure for quick returns, invest with minimal fees, and maintain positions through market turbulence. These structural benefits give patient investors a surprising edge in today's fast-moving markets.Meanwhile, markets completed their longest winning streak since 2004, with the S&P rising nine consecutive days. Yet professional investors are remarkably pessimistic – Barron's latest poll shows 32% bearish, higher than during the dot-com crash, 9/11, financial crisis, or pandemic. This extreme sentiment might actually signal opportunity ahead.Artificial intelligence continues driving tech investment, with Microsoft reporting being "capacity constrained" for Azure AI servers and Meta increasing capital expenditure forecasts. As one executive put it, "We're not even at the second strike of the first batter in the first inning" of AI development, suggesting the revolution is just beginning.Want more market insights and investment perspectives? Subscribe to receive our latest analysis and join a community of thoughtful investors navigating today's complex financial landscape.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

April 28, 2025 | Season 7 | Episode 16President Trump's negotiation tactics are reshaping financial markets, and understanding his playbook might be your best investment strategy. His approach, detailed in "The Art of the Deal," reveals a philosophy of aiming high and pushing relentlessly to achieve his goals. As he states, "I play to people's fantasies... a little hyperbole never hurts." This perspective helps explain the market's volatility following his tariff announcements and subsequent modifications.Surprisingly, it's professional investors – not individuals – who've been fleeing during recent market turbulence. Hedge funds have sold over $1 trillion more shares than they've purchased this year, while everyday investors have steadily bought approximately $50 billion monthly. This upends Wall Street's traditional "smart money vs. dumb money" narrative. Individual investors, increasingly invested through 401(k)s and index funds, have demonstrated remarkable stability – Vanguard reports 97% avoided making trades during early April's market volatility.Gold has emerged as 2024's standout performer, appreciating approximately 30% year-to-date to around $3,400 per ounce. Over the past two decades, SPDR Gold Shares has surged 630%, marginally outperforming the S&P 500. This contradicts conventional wisdom that productive assets should outperform non-yielding assets over time. For investors considering gold now, mining stocks like Barrick Gold and Newmont Mining might offer better opportunities than the metal itself.Municipal bonds represent another opportunity area, with long-term munis yielding about 95% of comparable treasuries – essentially offering tax exemption benefits at minimal cost. For investors in tax brackets of 20% or higher, these bonds can generate tax-equivalent yields of 6-8% in high-quality assets.As we navigate an environment of heightened uncertainty – with international trade negotiations, geopolitical tensions, and domestic policy shifts – understanding these market dynamics becomes essential for making informed investment decisions that align with your long-term goals and risk tolerance.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

April 21, 2025 Season 7 | Episode 15The global financial landscape is shifting beneath our feet as the dollar hits a three-year low and gold surges to record highs. This change defies conventional market wisdom - when equities fall, we expect treasuries and the dollar to strengthen as safe havens. Yet we're witnessing the opposite, raising profound questions about America's economic future in a changing world.What's driving these unusual market reactions? At the heart lies America's persistent trade deficits, which stem from three fundamental causes: our low national savings rate compared to other countries, massive federal budget deficits approaching $2 trillion annually, and unfair international trade practices that disadvantage American producers. While tariffs address the third factor, they don't solve the underlying spending and saving imbalances that define our economy.Using a simplified example of US-Vietnam trade, I demonstrate how different national spending habits naturally create trade imbalances. The concerning shift is that global investors may be questioning whether the dollar remains the stable store of value it's been for decades. This potential sea change demands we reconsider investment strategies that have served us well in the past.For investors, these shifts present both challenges and opportunities. Fixed income investments have become surprisingly attractive, with municipal bonds offering 4-5% tax-free yields, preferred stocks paying 6-7% with favorable tax treatment, and traditional treasuries approaching 5% - the highest yields in 15 years. Retirees should be particularly vigilant about portfolio protection, creating adequate cash reserves to avoid withdrawing from depressed equities during market downturns.Remember James Clear's wisdom: "Success is largely the failures you avoid." In uncertain markets, controlling what you can - your asset allocation, diversification strategy, and emotional responses - matters more than ever. How are you positioning your portfolio for this new economic reality? Does your strategy need adjustment as traditional market relationships evolve? These are the crucial questions every investor should be asking right now.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

April 14, 2025 | Season 5 | Episode 13The financial world stands at a potential inflection point as traditional market relationships show signs of stress. What began as concern over tariff policies has evolved into a deeper question about the stability of the global monetary order that has prevailed since World War II.The bond market flashed dramatic warning signals last week, with the 10-year Treasury yield surging nearly 50 basis points to touch 4.5% - the largest percentage move since 1987. Former Treasury Secretary Larry Summers likened the chaotic trading to what might occur in an emerging market economy. Simultaneously, the U.S. dollar weakened significantly against major currencies, with the Euro gaining over 10% against the dollar since January.Ray Dalio, founder of Bridgewater Associates, expressed concerns about "something worse than a recession" as these tectonic plates of finance shift beneath our feet. For decades, global investors have flocked to U.S. assets, allowing America to run substantial deficits with minimal consequences. That relationship now faces its most serious test in generations.Beyond market mechanics, this volatility reflects real economic challenges facing average Americans. While wages have increased roughly eight times since 1967, housing costs have surged eighteen times over the same period. This widening gap between income growth and essential expenses explains why many Americans feel financially stretched despite stock market gains.For investors, especially those approaching retirement, these conditions demand thoughtful portfolio management. Maintaining adequate cash reserves, strategic tax-loss harvesting, and considering Roth conversions during market downturns can help navigate uncertainty. The municipal bond market presents a particularly compelling opportunity, with high-grade 30-year munis yielding around 5% - equivalent to a 7.7-9.5% taxable yield for investors in high tax brackets.As we process these signals, the fundamental question remains: are we witnessing temporary market dislocations or the early stages of a more profound shift in global economic relationships? Either way, maintaining perspective and adhering to sound investment principles will be essential in the months ahead.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

April 7, 2025 | Season 5 | Episode 12The financial world is reeling from President Trump's bombshell announcement of sweeping new tariffs on global imports. What started as a seemingly targeted trade policy has exploded into a potential global trade war with far-reaching implications for investors, businesses, and economies worldwide.Markets have responded with their steepest declines since the COVID crash, with the S&P 500 plummeting 9.1% last week and approaching bear market territory. The "Magnificent 7" tech stocks that drove much of the market's previous gains are all seeing significant drops, while international markets from Japan to Hong Kong have already entered bear markets.At the heart of this market storm is a fundamental question every investor must now ask themselves: can you tolerate another 10% decline? Your portfolio allocation is being stress-tested in real-time, revealing whether your theoretical risk tolerance matches your actual emotional comfort during market turbulence. If you're losing sleep, unable to eat, or constantly worried, it may be time to adjust your investment strategy to a level where you can function normally.The new tariff structure includes a universal 10% baseline on all imports with significantly higher rates for countries with large trade deficits - EU (20%), Vietnam (46%), Japan (24%), India (26%), and China facing a staggering 54% or more. Economists estimate these tariffs could potentially reduce GDP by 2.5% while increasing inflation by a similar amount, creating stagflationary pressures.While markets hope for negotiations that might reduce these tariffs, global reactions have been severe. France's President Macron has called for suspending European investment in the US, Canada has matched tariffs on cars, and China has announced retaliatory 34% tariffs. JP Morgan and Goldman Sachs now predict a 60% chance of recession, potentially rising to 100% if full retaliatory measures take effect.As you navigate these turbulent waters, consider defensive strategies like high-quality bonds, gold, dividend-paying value stocks, and global diversification. Most importantly, maintain emotional equilibrium - clear thinking is your most valuable asset when markets are in chaos. While disruptions create challenges, they also present opportunities for those with the right perspective and appropriate risk positioning.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

March 31, 2025 | Season 5 | Episode 11The weakening US dollar may be the canary in the coal mine for broader market troubles ahead. Despite conditions that should strengthen it—high interest rates, geopolitical uncertainty, America's military dominance—the greenback has fallen against nearly every major global currency in 2025. This unusual pattern suggests foreign investors are losing confidence, potentially withdrawing the capital that traditionally supports US stocks and bonds.Meanwhile, markets are bracing for what President Trump calls "Liberation Day" on April 2nd, when new tariff policies are expected. Reports of a possible 20% universal tariff on all imports have sent tremors through Wall Street, with Goldman Sachs cutting its S&P target twice this month. The potential $11,000 price increase on imported vehicles illustrates the real-world impact these policies could have on consumers and businesses alike.The artificial intelligence sector appears to be entering a crucial transition phase where investors demand tangible returns on massive investments. Drawing fascinating parallels to the 1990s internet boom, experts remind us that only 1% of today's internet giants existed just 2.5 years after Netscape Navigator launched. Today's market leaders may not be tomorrow's AI champions, suggesting opportunities in companies like Snowflake, Intuitive Surgical, and cybersecurity firms that will protect increasingly vulnerable AI systems.For fixed income investors, discussions about potentially eliminating municipal bond tax exemptions to fund Trump tax cut extensions present both risk and opportunity. While concerning, municipal bonds have already priced in some of this uncertainty, potentially creating value for long-term investors willing to weather the volatility.As we navigate these complex market currents, watch the dollar's trajectory carefully—it may tell us more about where markets are heading than traditional economic indicators. What signals are you watching as we enter this period of heightened uncertainty?** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

March 24, 2025 | Season 5 | Episode 8Clarity of mind is your most valuable asset in today's complex financial landscape. Keith Lanton opens with powerful insights from James Clear's philosophy on understanding others by watching what they reward and understanding yourself by observing what you envy. These principles form the foundation of the objective thinking necessary for navigating markets filled with noise and competing narratives.As we mark the 25th anniversary of the dot-com bubble burst, Lenton draws important parallels and distinctions to our current market environment. While today's AI-driven rally carries echoes of that era, the magnitude doesn't yet match the extreme appreciation witnessed between 1995-2000 when the NASDAQ soared over 700% before losing 80% of its value. This historical perspective provides valuable context for evaluating today's technology valuations.We're also reflecting on the five-year anniversary of the COVID-19 market bottom, a reminder of the market's resilience through pandemic disruptions, political upheaval, geopolitical conflicts, and aggressive rate hikes. The S&P 500's 173% return since March 2020 reinforces the wisdom that attempting to trade around news cycles is nearly impossible for individual investors.The podcast delves into the Treasury Secretary's focused campaign to lower 10-year yields, NVIDIA's ambitious AI roadmap unveiled at their GTC conference, and the infrastructure challenges posed by AI's massive electricity demands. Lenton also highlights potential policy changes affecting municipal bond tax exemptions that investors should monitor carefully.Throughout these diverse topics, one theme remains consistent: the quality of your investment decisions depends on maintaining clear, objective thinking while understanding both your own psychology and broader market sentiment. What single habit, if implemented consistently for the rest of this year, would transform your investing approach and results?** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

March 17, 2025 | Season 5 | Episode 7Markets are navigating turbulent waters as we digest the first 50 days of the Trump administration's second term. The striking contrast between equity volatility and bond market stability raises profound questions about where we're truly headed. While the S&P 500 and tech darlings experience significant drawdowns, the 10-year Treasury yield holds remarkably steady around 4.3% - suggesting that bond investors aren't forecasting economic catastrophe despite the headlines.What makes this moment particularly fascinating is the extreme bearish sentiment gripping individual investors. A stunning 60% of respondents in the latest AAII survey report feeling bearish - approaching levels not seen since the 2008 financial crisis. Historically, such pessimism has preceded average market gains of 13.6% over the following year, potentially signaling a contrarian buying opportunity for those willing to look beyond the turbulence.The administration's focus on government reform follows a historical pattern seen throughout American history - from Jefferson's "wise and frugal government" to Reagan's declaration that "government is the problem." While the scale may differ, these efforts to reshape the federal workforce echo similar initiatives from previous administrations, with mixed results historically.For investors seeking opportunity amid uncertainty, the Magnificent Seven stocks present an intriguing case study. After contributing over half of 2023's market gains, they've declined an average of 15% this year. Yet unlike the fallen tech stars of 2000, these companies maintain dominant market positions with reasonable valuations - particularly Amazon, Alphabet, Meta, and Nvidia according to our analysis. With Amazon trading at a lower multiple than traditional retailers despite superior growth prospects, selective opportunities may exist for patient investors.As we navigate this complex environment, remember that investment decisions should be based on economic fundamentals rather than political preferences. The Federal Reserve's upcoming policy announcement will provide crucial insights into how monetary policy will adapt to evolving conditions. What's your strategy for positioning portfolios in this challenging but potentially rewarding landscape?** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

March 10, 2025  | Season 5 | Episode 8Market turbulence has arrived, and understanding the driving forces behind it is essential for making sound investment decisions. As the Trump administration rapidly implements new economic policies, markets are responding with heightened volatility, raising important questions about portfolio diversification and long-term strategy.The administration's goals—bringing manufacturing jobs back to America, growing the US economy, maintaining tax cuts, and reducing international financial commitments—sound promising. However, markets are increasingly concerned about the lack of a clear, surgical implementation plan. Treasury Secretary Besant's comments about a potential "detox period" and President Trump's acknowledgment of a coming "transition period" have only intensified uncertainty, with JP Morgan economists now putting the chance of recession at 40%.This uncertainty is triggering significant global economic realignments. Germany has announced major expansions in defense and infrastructure spending, abandoning its traditional fiscal conservatism. China is implementing stimulus measures to boost domestic consumption. These shifts are drawing capital away from US markets to international opportunities, with Chinese large-cap stocks up 29% since July.For investors, this volatility requires careful consideration. The current week presents additional challenges as Daylight Savings Time disruption increases the risk of poor financial decisions—statistics show higher incidences of stroke, cardiac events, and financial mistakes during this period. If your portfolio feels uncomfortably positioned, now is the time to speak with your financial advisor about rebalancing.Despite current turbulence, maintaining perspective is crucial. While US markets may be down year-to-date, the S&P 500 has nearly tripled over the past decade. History shows that maintaining diversified exposure to equities through broad-based funds has consistently rewarded patient investors who can weather short-term volatility.What adjustments should you consider in your investment strategy as global economic power dynamics shift? The answer may lie in thoughtful diversification while maintaining the conviction to hold through market uncertainty.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

March 3, 2025 | Season 5, Episode 7As the financial landscape undergoes dramatic changes, staying informed is more important than ever. With the recent shifts in U.S. policies and market dynamics, many investors find themselves questioning their established strategies. Join us as we explore the implications of tariffs, the surprising performances of international markets, and the benefits of diversifying investments into commodities like gold. We delve into the increasing appeal of value investing, providing insights on how examining global trends can enhance your portfolio. Additionally, we discuss the historical significance of gold as a safe haven amid economic uncertainty and provide actionable investment strategies to consider for a volatile market. This episode equips you with the knowledge to navigate the financial world's complexities, encouraging a proactive approach towards investment decisions. Don't miss out on these critical insights! We'd love to hear your thoughts on these trends—join the conversation by subscribing and sharing your perspective!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

February 24, 2025 Season 5 | Episode 6Leverage your market awareness with insights from today's episode, focusing on the complex interplay between U.S. stock valuations and international market opportunities. As concerns about inflated U.S. equities grow, we dive deep into analyzing whether investors are too complacent amid significant global dynamics. Key themes include discussing historical valuation trends, the necessity of portfolio review based on risk tolerance, and the promising prospects in international markets that could reshape investment strategies.Listeners will gain practical wisdom about adapting to changing financial landscapes. Discover how recent behavioral shifts among institutional investors are spurring a critical reassessment of holdings and what it might signal for the personal investment approach. As we journey through expert insights, we unearth specific global equities that are poised for recovery and growth, highlighting the shifting dynamics in Europe and elsewhere.The conversation doesn't just end with market valuations; we answer pressing questions about how to position your portfolio for potential downturns while keeping an eye on future growth. Enhance your financial literacy with actionable takeaways that translate into informed decision-making. Stay engaged and subscribe for continuous updates, and don't forget to share your perspectives on today's market challenges!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

February 18, 2025Season 7 | Episode 5In this episode, we explore insights from industry leaders Jeff Bezos and Jamie Dimon on the importance of innovation, risk-taking, and navigating bureaucratic challenges in business. The discussion extends to the implications of tariffs on various market sectors and emerging investment products like registered indexed linked annuities for retirement planning. • Jeff Bezos emphasizes ease of use and scaling failure in business • Jamie Dimon critiques bureaucracy and remote work culture at JPMorgan • The potential impact of tariffs on the technology sector discussed • Overview of registered indexed linked annuities and their appeal to investors • Encourages learning from successful leaders to enhance career and investment strategies** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

February 3, 2025 | Season 7, Episode 4What if President Trump's unexpected tariff announcements could reshape global markets and alter investor strategies? Join us for an in-depth exploration of the immediate shocks and strategic implications behind these tariffs targeting Canada, Mexico, and China. Understand how these moves have disrupted traditional market drivers, causing significant ripples through U.S. equity futures and treasury yields. We'll dissect the motivations behind varied tariff rates and speculate on the lasting impact of such unpredictable negotiation tactics on international trade relations.Shifting focus to the global stage, we'll analyze how U.S. tariffs on Canadian oil and gas could trigger wider economic repercussions, potentially escalating oil prices and slowing global growth. Learn about the domino effect on auto stocks across the U.S., Europe, and Japan, as supply chains become strained. We'll also touch on the looming challenges for tech giants like Apple, facing increased costs due to Chinese tariffs, and explore the unusual scenario where consumer spending is buoying the U.S. economy amid moderate GDP growth—a precarious balance that could tip with market fluctuations.The episode doesn't stop at trade and tariffs. We spotlight the revolutionary strides in AI development by DeepSeek, examining how their energy-efficient technologies are influencing energy market trends, particularly the pivot towards natural gas for powering data centers. Lastly, we delve into the complexities of inherited IRA rules and heed Ray Dalio's insights on the global debt crisis, offering practical strategies for personal finance management while underscoring the need for macroeconomic stability. Packed with insights, this episode equips you to navigate today's volatile economic landscape with confidence.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

January 27, 2025  | Season 7, Episode 3Is expensive hardware truly essential for cutting-edge AI development, or has a groundbreaking revelation from China's AI sector turned that belief on its head? We unravel the unexpected ascent of DeepSeek and its revolutionary AI model, R1, which is challenging U.S. tech giants by defying the odds and thriving despite export controls. This episode examines the ripple effects on U.S. tech stocks, particularly the "magnificent seven," and questions whether the market's reactions are a fleeting response or herald a more profound shift in the tech landscape. With expert insights from Brad, we ponder the potential for cost reductions in AI development and the readiness of companies to adapt to these rapid advancements.Current financial trends take center stage as we navigate significant downturns in major indices and commodities, including Bitcoin, oil, and gold. We explore the safe haven that is the Treasury market and its implications for Federal Reserve policies amidst geopolitical tensions. Key updates on AT&T's earnings and tech stock performances provide a snapshot of the broader market environment, while recent U.S. policy moves regarding immigration and wildfire management policies round out our discussion. The anticipation surrounding the Federal Reserve's upcoming interest rate decision adds another layer of complexity to an already volatile market, offering insights into potential policy shifts.As we gear up for a bustling week in the financial world, attention shifts to the impending economic data releases and earnings reports from heavyweights like Meta, Microsoft, and Tesla. We delve into the implications of potential Federal Reserve policy shifts and their impact on the bond market, particularly in light of rising yields and inflation concerns. The episode also uncovers the dynamic nature of Bitcoin and the introduction of new Bitcoin ETFs by Calamos. Additionally, insights from Barron's roundtable discussion illuminate OI Glass's strategic developments, while a critical reminder emphasizes the importance of personal risk assessment in investment decisions.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

January 21, 2025 | Season 7, Episode 3In our latest episode, we discuss the critical importance of long-term investments amidst unpredictable political landscapes and shifting market dynamics. By analyzing recent financial trends and historical data, we provide insights into successfully navigating current and future investment opportunities.• Staying invested despite political uncertainty • Trends in robotics and AI affecting future investments • Historical performance of individual stocks versus the market • Significance of letting winning stocks run • Active bond management as a strategic alternative • Impacts of inflation and interest rate predictions • Upcoming earnings reports and market reactions • Detailed analysis of notable stocks like Copang and J.M. Smucker • Discussing the evolving bond market and investment strategies By emphasizing these key points, we encourage our audience to think critically about their investment choices and prepare for potential market volatility ahead.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

January 13, 2025 | Season 7, Episode 2The episode provides an in-depth analysis of how rising interest rates and the ongoing wildfires in California are impacting financial markets in 2025. We discuss the implications for bond yields, stock markets, and insurance companies, while examining economic indicators contributing to these shifts. • Understanding the bond market's response to rising long-term interest rates • Discussion on how wildfires influence insurance rates and overall market sentiment • Examination of individual stocks and sectors affected by changing economic conditions • Insights on labor market data and its contradictory effects on the stock market • Evaluation of potential implications for future earnings and valuations across different sectors** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

January 6, 2025 | Season 7, Episode 1What if you could navigate the unpredictable waters of the 2025 investment landscape like a seasoned pro? Get ready to unlock the secrets of booming market trends and lucrative investment opportunities that await in the new year. Our latest episode takes you on a journey through the economic milestones of 2024, highlighting an impressive 24% surge in the S&P 500 and the contrasting fortunes of growth versus value stocks. We'll unravel the stories behind the triumph of tech titans like Palantir Technologies and Nvidia, while examining the struggles faced by Walgreens Boots Alliance and Intel. With exciting developments on the horizon, including Microsoft's ambitious $80 billion AI data center plan, we'll set the stage for potential market shifts based on Nvidia's CEO's much-anticipated address.Join us as we explore promising avenues in healthcare and consumer stocks, spotlighting giants like Eli Lilly, UnitedHealthcare, and Johnson & Johnson, amidst potential policy changes with RFK Jr.'s influence. We'll dissect the tech sector's fierce competition between XAI and OpenAI, alongside Google's strategic advancements. Discover Apple's robust market position and its intricate ties with China, all while weighing the impacts of federal cases. We'll also guide you through the enticing realms of REITs, energy pipelines, and utilities, offering cautionary insights on junk bonds and convertibles. Finally, grasp the potential of European stocks, with BNP Paribas poised as a compelling opportunity in the international arena, especially as Federal Reserve rate cuts loom over dividends.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

December 30, 2024 | Season 6, Episode 45Our discussion reflects on the lessons learned from the financial markets in 2024, focusing on trends in interest rates, political implications, and goal-setting strategies for 2025. Emphasizing the importance of systems over mere goal-setting, we invite listeners to rethink their financial approaches as we transition into the new year.• Reflection on key financial trends and events in 2024 • Analysis of the U.S. elections and their economic implications • Discussion of momentum investing and market resilience • Exploration of the relationship between currency strength and market performance • Emphasis on systems versus goals in achieving sustainable success • Insights and strategies for adapting to the upcoming financial year Listen to our episode for vital insights you won't want to miss!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

December 23, 2024 | Season 6 | Episode 44This episode focuses on strategic year-end considerations that can lead to better financial outcomes for 2025, emphasizing tax strategies, market sentiment, and valuable habits for improvement. Listeners are provided insights on stock performance expectations, particularly regarding value stocks and municipal bonds, alongside practical advice for managing their investment portfolios amidst upcoming market uncertainties. • Importance of year-end tax strategies • Tips on reducing tax liabilities with gains and losses • How personal practices affect stress and decision-making • The Federal Reserve's impact on market sentiment • Value stocks vs. high-growth stocks • Overview of notable stocks and potential investments • The case for municipal bonds in the current market • Portfolio management tips for 2025** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

December 16, 2024Season 6 | Episode 44This episode dives into the evolving views of Bitcoin among Wall Street leaders, highlighting a shift from skepticism to cautious optimism. It also covers the upcoming Federal Reserve meeting and Barron's predictions for market performance and key stocks in 2025, providing listeners insights into navigating the financial landscape. • Discussion of Bitcoin's recent surge to $104,000 • Examination of Wall Street leaders' changing views on Bitcoin • Anticipated interest rate cuts by the Federal Reserve • Analysis of Barron's predictions for 2025 financial markets • Insight into ten stocks identified as potential outperforms • Exploration of market dynamics between speculation and technology • Key takeaways for investor strategies moving forward** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

December 9, 2024Season 6 | Episode 43Unlock the secrets to navigating the rapidly shifting landscape of cryptocurrency and financial markets with us. As Bitcoin breaks the $100,000 barrier, we explore how this pivotal moment is reshaping perceptions among investors and influential voices. We'll consider President-elect Trump's ambitious plans to establish the U.S. as a frontrunner in the crypto world and delve into the broader implications of embracing change in both investments and life.Stay informed with our comprehensive market updates and strategic insights. From the recent shifts in the S&P, Nasdaq 100, and Dow futures to the significant global events like the Assad regime's overthrow, we bring you the latest developments that could impact your financial decisions. Discover how China's monetary policy shifts and Omnicom's acquisition of Interpublic are influencing global markets. With a keen eye on economic indicators and the potential for a Santa Rally, we examine the interplay of positive forces and potential risks impacting interest rates and the stock market.Join our guest, Brad, as he shares his expertise on municipal bonds and the unique supply and demand dynamics they face compared to corporate and federal debts. With a focus on year-end portfolio rebalancing and insights into the municipal bond landscape, we provide strategies for thoughtful investment amidst economic policy shifts under the Trump administration. From Bitcoin trends to retirement planning advice, our episode encourages listeners to craft resilient investment strategies in a dynamic financial environment.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

December 2, 2024Season 6 | Episode 42Explore the strategies that could make 2025 your best financial year yet. How do you prepare your portfolio for a new year following a phenomenal performance by U.S. equity markets in 2024? We promise you'll walk away with a solid understanding of how to navigate these dynamic times, featuring insights into portfolio rebalancing and the lesser-known tax implications that can make or break your year-end financial planning. We'll guide you through the latest twists and turns of the global market. Discover how geopolitical tensions, such as President-elect Trump's tariff threats and French political instability, are influencing U.S. stock futures and international markets. Get the lowdown on major corporate shake-ups and successes, from Intel's executive changes to Disney's cinematic triumphs, and the intriguing political landscape stirred by President Biden's controversial decisions. Plus, don't miss our preview of key economic reports that could impact your investment decisions.As we look toward 2025, we'll unravel the complexities of the bond and fixed income markets. Learn why the $6.74 trillion Treasury issuance could reshape fiscal policies and interest rates, and uncover the opportunities hiding in Treasury yields and corporate debt. Emphasizing the importance of understanding your investment goals and risk tolerance, we offer practical resources for informed decision-making. Whether you're a seasoned investor or just getting started, this episode equips you with the knowledge to navigate the ever-evolving financial landscape.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

November 25, 2024Season 6 | Episde 41Unlock the secrets to navigating President-elect Trump's bold financial strategies and cabinet picks! Join us as we dissect the establishment of the Department of Government Efficiency (DOGE) spearheaded by visionaries Elon Musk and Vivek Ramaswamy. These leaders aim to slash $2 trillion from the federal budget, presenting a compelling challenge for reducing discretionary spending amidst rising national debt interests. We'll analyze the potential extension of the Tax Cut and Jobs Act and its implications on deficit reduction, alongside market reactions to NVIDIA's robust earnings and Google's optimistic valuation, as highlighted by Barron's.Shift your focus to the shifting sands of global trade, where we're observing a notable decline in China's share of U.S. imports while certain industries remain tethered to Chinese manufacturing. We'll explore how Scott Besant's appointment as Treasury Secretary is bolstering market confidence, and unravel complex economic indicators that might nudge Federal Reserve policy. Discover how natural gas exports could evolve under new leadership, and stay informed with the latest corporate updates from Comcast and Macy's. Plus, catch a glimpse of market dynamics across Asia, Europe, and a noteworthy report on Israel and Hezbollah.Stay ahead of the curve as we dive into the electrifying world of cryptocurrency, with Bitcoin's meteoric rise nearing the $100,000 milestone. We'll explore the ripple effects this surge has across various markets, including MicroStrategy's daring move to issue $3 billion in convertible notes for Bitcoin acquisition. With insights from New York Fed President John Williams on the economic horizon amidst soaring interest rates, and Barron's stance on Alphabet's resilience, this episode is packed with essential financial education and strategic investment ideas from Barron's and other financial news sources. Let Mr. Keith Lanton guide you through considering risk tolerance and investment goals, ensuring your financial decisions are as informed as they are strategic.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

November 18, 2024Season 6 | Episode 40Unlock the secrets of the financial markets as we navigate the intricate world of investing by examining the powerful interplay between probabilities and psychology. How do year-end strategies and new information affect investor behavior? Discover the art of decision-making in investing, drawing parallels to everyday choices like selecting a mode of transportation. Reflect on the emotional rollercoaster of potential gains and losses, akin to the thrill of gambling, as we discuss these fascinating insights.Explore the ever-changing dynamics of stock and bond markets with a keen eye on inflation and interest rates. As these economic factors shift, we analyze their impact on investment decisions, highlighting the growing allure of bonds amidst rising interest rates. With a careful look at market reactions to economic indicators and political developments, we draw lessons from historical parallels, underscoring the importance of understanding market psychology to navigate potential downturns.In the final segment, we turn our focus to the current financial landscape, from the challenges faced by the airline industry to the booming demand for AI data centers. Gain insights into Spirit Airlines' bankruptcy and the opportunities presented by regulatory changes for major airlines. We also spotlight the role of companies like NVIDIA and Oracle in the AI sector and share valuable tax planning strategies to help you optimize your financial outlook for the coming year. Join us for a comprehensive exploration that will equip you with knowledge and strategies to enhance your financial journey.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

October 28, 2024Season 6 | Episode 39Unlock the secrets of an ancient tradition's surprising link to stock market success. Discover how the Halloween strategy could transform your investing game, along with an intriguing peek into the origins of Halloween itself. We'll dive into the heart of the market's pulse, from the S&P 500's "Magnificent 7" to undervalued gems waiting to be discovered as earnings season heats up. Join Brad and the team as we navigate the twists and turns of global events and their ripple effects on financial markets, from oil price shifts driven by geopolitical tensions to the political stage's influence on indices.Explore the unpredictable dance of the bond market and how it might impact your wallet, especially if you're dealing with variable rate debt. We'll uncover the stories of companies like Ford, defying expectations, and examine the significance of bond market volatility and its historical echoes. As the political landscape looms large, we caution against making hasty investment choices based on election predictions and instead spotlight undervalued opportunities like Viatris. Whether you're a seasoned investor or just curious about the financial world, this episode promises a well-rounded snapshot of the economic landscape and potential pathways to profit.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

October 21, 2024Season 6 | Episode 38Ever wondered how election outcomes might reshape your investment portfolio? We promise a comprehensive understanding of market dynamics as we approach Election Day, offering insights into how you can strategically position your investments amidst potential political shifts. We explore the cautious sentiment shadowing the stock market following a remarkable equities rally. Dive into Goldman Sachs' forecast on U.S. equity returns, and discover why sectors like nuclear energy and companies like Costco could be key to unlocking future investment opportunities.Catch up on the latest market movements with a focus on the S&P 500's recent dip and pivotal earnings reports from giants such as Tesla and Humana. Gain a deeper understanding of geopolitical tensions in the Middle East and Moldova's EU referendum, while we also dissect the current political landscape with Vice President Harris leading in national polls. Learn about the broader economic indicators affecting sectors like housing, and what high mortgage rates might mean for future market trends.Finally, explore the evolving market trends where the dramatic fall in electric vehicle prices and economic power shifts between the U.S., Europe, and Japan come into focus. Discover how the resurgence of nuclear energy and Costco's bold urban expansion in Los Angeles might redefine future growth strategies. We wrap up with a spotlight on Disney's leadership reshuffle, analyzing what James Gorman's appointment as chairman could mean for the company's stock and the strategic direction under Bob Iger's continued leadership.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

October 12, 2024Season 6 | Episode 37Join us for a captivating exploration of today's financial landscape with our esteemed guest, Mr. Keith Lenton, as we draw parallels between the voyages of Christopher Columbus and the modern journey through markets. As bond markets take a pause on Columbus Day, the stock exchanges remain active, setting the stage for an enlightening discourse on the U.S. deficit. Discover how September's unexpected market performance and the relatively calm October provide a backdrop for understanding the impact of rising interest rates on the national debt, with interest payments now surpassing even Medicare spending.We also bring you insights from the renowned real estate analyst Ivy Zellman, who sheds light on the complexities of the U.S. housing market. Despite the apparent quietness in sales, Zellman reveals the true challenge is a lack of housing supply rather than demand. With mortgage rates unlikely to drop soon, learn about the potential for margin compression in homebuilding and the particular vulnerabilities in markets like Florida and Texas. This segment also highlights the earnings reports from major companies such as UnitedHealthcare, Johnson & Johnson, and Netflix, painting a comprehensive picture of the current financial climate.In our final segment, we turn our attention to the telecommunications and bond investing sectors. Gain valuable perspectives from Barron's on T-Mobile's market strategies and their fiber connection challenges. Greg Hall from PIMCO provides a deep dive into active bond fund strategies, explaining why they might outperform stock funds due to the unique nature of the bond market. We discuss Barron's take on high-yield bonds, risk management, and highlight investment options like iShares BB Rated Corporate Bond and Van Eck Fallen Angel High Yield Bond ETF. This insightful discussion concludes with Barron's key considerations for anyone seeking higher income investments in today's low-rate environment.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

October 7, 2024Season 6 | Episode 36Unearth the complexities of global markets with us as we explore how demographic shifts are reshaping economic landscapes worldwide. How are events like the anniversary of Hamas's attack on Israel, ongoing regional instabilities, and a robust employment report influencing oil, stock, and bond markets? We'll uncover the ripple effects of geopolitical tensions through insights from financial titans like Barron's, Goldman Sachs, and Morgan Stanley. Also on the docket is a deep dive into labor dynamics, focusing on the Longshoremen's Union strike, and what it reveals about inflation and the challenges posed by an aging population.As the world's population ages, what are the economic implications for inflation and consumption? We tackle this question by examining the rising demand for senior-centric services and the shifts in spending habits towards healthcare and technology. The episode also puts a spotlight on the psychological impact of the 10-year Treasury yield hitting 4% and the intriguing possibility of a "no landing" scenario. Join us as we ponder the resilience of the labor market, explore AI advancements, and analyze key economic indicators like the Consumer Price Index and major banks' earnings. Through expert opinions and strategic insights, we offer a hopeful outlook for US stocks amidst persistent geopolitical tensions.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

September 23, 2024Season 6 | Episode 35Can a 50 basis point rate cut by the Federal Reserve really pave the way for a balanced economic future? Tune in to uncover the implications of this bold move, as Chairman Powell highlights the importance of "recalibration." We'll break down how the S&P 500, Dow, and NASDAQ have responded, and why investors are feeling optimistic about the intricate dance between lowering rates, inflation, and economic growth. We'll also touch upon the strength of the labor market, possible future rate adjustments, and some emerging economic concerns. Plus, Brad shares his thoughts on the bond market post-Fed decision and we dive into individual stock analyses, including Apple and key industrial stocks.In our second segment, we broaden our lens to global markets and economic trends. From the complexities of building an institutional portfolio to the risks of over-diversification, we cover it all. Insightful discussions await on investor anticipation of central bank actions across the US, Europe, and China, and how corporate giants like Intel and Qualcomm are making headlines. We'll also provide a detailed outlook on upcoming earnings reports from companies such as Syntos, Micron Technologies, Accenture, and Costco. Lastly, we wrap up with a market performance outlook, discussing subdued return forecasts, the slowdown in AI investments, and a thorough stock analysis from Barron's  focusing on Apple's resilience and SiriusXM's valuation and dividend potential. Don't miss this packed, insightful episode!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

September 16, 2024 Season 6 | Episode 34Can a disciplined investment plan save you from costly mistakes? Join us as we navigate the turbulent waters of market volatility and the looming Federal Reserve interest rate decision. We spotlight the invaluable role financial professionals play in guiding investors through emotional traps, backed by insights from a recent Morningstar study. This episode also addresses the housing market crisis, examining its roots and exploring promising sectors outside of technology. Plus, we draw a fascinating parallel between a 1980s market darling and today's NVIDIA, offering a fresh perspective on why this historic stock might still be a gem.Get ready for a comprehensive analysis of central bank decisions and their ripple effects across various economic sectors. Discover the surprising impact on the premium coffee market, with Arabica bean prices soaring due to supply disruptions. We'll dissect upcoming economic reports and the Federal Reserve's potential interest rate cuts, assessing their broader economic implications. Finally, we tackle the future of AI, spotlighting Oracle's recent earnings and strategic partnerships, and the ongoing housing crisis with potential solutions like the adoption of a value-added tax (VAT). Tune in for a thorough exploration of market behavior, economic consequences, and future opportunities.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

September 9, 2024 | Season 6, Episode 33What if we told you that the 23rd anniversary of September 11th holds profound insights not just into our collective memory but also into the dynamics of September's financial markets? Tune in as we navigate the turbulent waters of recent market movements, with Broadcom's earnings guidance and softer-than-expected jobs data taking center stage. We'll dissect how these factors are shaping retirement portfolios, re-examine Jim Cramer's weekend insights, and consider the potential impacts of imminent CPI and PPI reports. Don't miss the compelling discussion on the resurgence of nuclear energy and the rise of Celsius in the energy drink market.Prepare to gain invaluable knowledge about this week's financial market landscape. We'll analyze recent earnings reports from Oracle, Signet Jewelers, Kroger, and Adobe, identifying key trends in data center spending, consumer behavior, and AI advancements. The bond market remains a hot topic, with analysts debating future Fed rate cuts, while major stock market moves—like Apple's product launch and Google's antitrust trial—are also scrutinized. Plus, we'll cover broader economic issues like Bitcoin ETF outflows, China's economic slowdown, and its ripple effects on U.S. companies. Expect to hear updates about Merck, Boeing, Arm Holdings, US Steel, and Big Lots.Finally, we'll delve into the resurgence of nuclear power in the U.S. and the dynamic role of tech leaders like Bill Gates and Sam Altman. Companies such as Constellation Energy and Vistra are experiencing significant stock gains amid increasing public support. The Biden administration's ambitious goals to triple nuclear capacity by 2050 will be examined, along with the challenges posed by lengthy construction timelines. Additionally, we'll explore the rise of Celsius Energy as a healthier alternative in the booming energy drink market. This episode is a rich tapestry of market updates, investment strategies, and cutting-edge energy innovations—essential listening for anyone keen to stay ahead.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

September 3, 2024Season 6 | Episode 32How does the Federal Reserve navigate the stormy seas of high interest rates and inflation? In this episode, we uncover the critical role of the Fed in balancing the economy, especially as we inch closer to their pivotal meeting on September 17th and 18th. Get ready to explore the historical tumult of September and October in the markets, the climbing costs of raising a family in America, and insights from Barron's on individual stock ideas. We'll also highlight the significance of the municipal market and analyze the investor exuberance in today's booming stock market, pointing out the potential pitfalls of such high enthusiasm. Join us as Brad provides an in-depth analysis of the bond market and its vital influence on other asset classes.As we brace for the unpredictable month of September, we'll address the skittish sentiment of investors amid a contentious presidential election and the influence of tech behemoths like NVIDIA. Despite stellar earnings reports, sky-high market expectations have led to stock sell-offs, reflecting the fragility of investor confidence. We'll delve into the early August market dip and subsequent bullish inflows into US equity funds, driven by upbeat economic indicators and anticipated Fed rate cuts. With an eye on safe havens like gold and the US dollar, we'll provide a measured outlook for year-end. Plus, don't miss Barron's  analysis of Broadcom's upcoming earnings report and the crucial Bureau of Labor Statistics' jobs report for August, shedding light on their market and economic implications.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

August 19, 2024Season 6 | Episode 31What if the Federal Reserve's next move could reshape your financial future? Tune in to our deep dive into the Fed's storied past and its pivotal role in today's market dynamics. We'll uncover crucial moments from the Panic of 1907 to Nixon's influence on Arthur Burns, and explore how these historical events still reverberate through today's economic landscape. With Jerome Powell's anticipated speech at the Jackson Hole Symposium just around the corner and a potential rate cut on the horizon, we dissect what these developments could mean for investors and the broader economy.Join us as we navigate the currents of global financial markets, with insights from Jeff Curry. We'll highlight the latest market movements, corporate acquisitions, and the emerging trends that could spark a new commodity boom. From the bond market's subtle shifts to the strategic gold hoarding by nations like China and Russia, we provide a comprehensive analysis to keep you ahead of the curve. And don't miss Brad Harris incisive commentary on these critical developments, offering a unique perspective on what lies ahead for the financial world.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

August 12, 2024Season 6 | Episode 30What if the secret to winning one of the most pivotal elections in U.S. history lay in the hands of an underdog with a vision? Join us as we travel back to 1860 and uncover how Abraham Lincoln, a little-known one-term Whig representative from Illinois, rose to prominence as the Republican nominee. We'll break down his strategy against formidable opponents like Stephen Douglas and John Breckinridge, and reflect on how his political savvy helped him secure victory in a deeply divided nation. This not only sheds light on our historical roots but also offers a fresh perspective on today's polarized political landscape.Shifting to the world of finance, we dissect the turbulent performance of the S&P 500 and Nasdaq, driven by mixed earnings reports and macroeconomic factors. Discover how the yen situation in Japan and tech company earnings have influenced market sentiment, and learn why experts advocate for a diversified, long-term investment approach. Whether you're eyeing undervalued sectors or curious about opportunities in smaller and mid-sized companies, we offer insights to help you navigate the current financial climate with confidence.In our final segment, we tackle critical topics affecting your financial future. From conservative investment strategies and the potential changes to Social Security taxation to the economic impact of aging populations in the U.S. and China, we've got you covered. Insights from experts like Torsten Slocke from Apollo Global illuminate key factors driving inflation and offer strategies for managing market volatility. Plus, get the latest on industry movers like Alphabet and Parker Hannafin, and learn how to assess your risk tolerance and investment goals in this ever-changing market landscape.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

August 5, 2024Season 6 | Episode 29Ready to unravel the complexities behind one of the most volatile market days of the year? Join us as we dissect the chaos of August 5th, 2024, a day marked by surprising twists and seismic shifts across the global economy. From abrupt Federal Reserve movements to Warren Buffett's latest maneuvers, and from Mars' ambitious plans to acquire Kelanova to Japan's unexpected rate hike, we cover it all. You'll gain valuable insights into the tech sector's sharp sell-off, Bitcoin's relentless instability, and the bond market's reaction to emergency rate cut speculations. Additionally, we delve into how rising geopolitical tensions in the Middle East are shaking up oil prices and cryptocurrencies. We also take a hard look at the labor market's latest trends, focusing on the significant impact these changes are having on bond yields, equity markets, and major stock performances like NVIDIA, Apple, CrowdStrike, and Coinbase. Our analysis extends to the dramatic drops in Asian markets, spotlighting Japan's Nikkei's largest plunge since 1987. Plus, we scrutinize the latest unemployment statistics and their potential to reshape inflation and economic expectations. Wrapping up, we present a historical perspective on the Bureau of Labor Statistics' methodologies, shifts in American spending habits over the decades, and the looming challenges Merck faces with its blockbuster drug Keytruda in the face of biosimilar competition and Medicare pricing changes.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

July 29, 2024Season 6 | Episode 28Can the aging population reshape your investment strategy? Tune in to uncover Jeremy Siegel's expert insights on how increasing lifespans are impacting the financial world. We discuss the turbulent times of July and August in the equity markets, highlighting significant earnings reports and key economic updates from the U.S. Federal Reserve and Japanese central bank. Get ready for a deep dive into the complexities of inherited IRAs and the new IRS guidelines that could affect your financial planning.Are you maximizing your annuity options? We break down real-world examples of single premium immediate income annuities and deferred income annuities, using a $200,000 investment scenario to illustrate potential returns. We'll also bring you up to speed on the current market trends, including S&P, Dow, and Nasdaq futures, and crucial international market movements. Plus, don't miss our coverage of geopolitical tensions and political developments that could influence your investments.What's next for Charles Schwab stock amid market volatility? Discover the reasons behind its recent sell-off and leadership's confidence moving forward. We also shed light on the potential return of an uninverted yield curve and key strategies to manage reinvestment risk. As always, we emphasize the importance of a diversified portfolio for long-term stability. Stay tuned for actionable advice and market predictions to help you build a robust investment strategy.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

July 22, 2024Season 6 | Episode 27Can President Biden's shocking exit from the 2024 election reshape the financial markets? Find out as we dissect this unexpected political move and its broad implications. We'll explore the shift from mega-cap tech giants to value stocks, and what this rotation means for your investment strategy. Aging isn't just a number—it's a financial game-changer. We'll arm you with essential statistics and insights into how longer lifespans are transforming retirement planning and investment priorities. Plus, we bust the myth that older workers can't keep up with technology as remote work becomes increasingly popular among the seasoned workforce. How are markets reacting to Kamala Harris stepping into the race? Discover the subtle yet intriguing market movements in response to this political shift. We'll break down sector-specific trends, including semiconductor stocks making gains, and offer a sneak peek at what's happening in Treasuries and commodities. Are we about to see a Trump renaissance? We'll speculate on the potential market impacts of a Trump presidency, focusing on economic policies that could influence the dollar and Federal Reserve actions. Plus, don't miss our in-depth analysis of FEMSA, the Mexican holding company with promising growth in Latin America and potential U.S. market entry. Join us for a comprehensive look at these critical developments and more!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

July 15, 2024Season 6 | Episode 26Can the shocking news of an attempted assassination on former President Trump really sway financial markets? Find out how this unprecedented event has led to a surge in the dollar and US stock futures while hitting treasuries hard. We'll also explore the profound implications of increased longevity on your financial planning and investment strategies. With Americans living longer, nearing an average life expectancy of 80 years, we underscore the importance of maintaining equity exposure as you age and what that means for your retirement plans and multiple careers. Plus, discover the surprising way older generations are leveraging their tech-savviness and how evolving family dynamics are shaping financial decisions.Get the latest scoop on market trends and key earnings reports that are setting the tone for today's financial landscape. Companies like Goldman Sachs and BlackRock are exceeding expectations, driving positive early trading responses, while Apple and NVIDIA shine with promising upgrades. We also cover the mixed performance of overseas markets and the geopolitical events influencing commodities like oil and gold. Looking ahead, we'll discuss upcoming earnings from major financial and healthcare firms, retail sales data, and reveal Barron's roundtable predictions. Don't miss our deep dive into the growing concentration of U.S. household wealth among older Americans and the exciting potential in the tech sector, featuring insights on generative AI infrastructure and investment opportunities in companies like Broadcom, NVIDIA, Mercedes-Benz Group, and Aurora Innovation.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

July 8, 2024Season 6 | Episode 25What if you could navigate the complexities of today's financial markets with the precision of Warren Buffett and the insight of Charlie Munger? In our latest episode, we promise to arm you with everything you need to know about the recent record highs in the S&P and NASDAQ, driven by large-cap AI stocks, and how these could influence your investment opportunities for the latter half of the year. We'll decode the potential impacts of the upcoming election cycle, interest rates, and a possible Federal Reserve rate cut. Get ready to grasp the implications of the rising deficit on Treasury yields with exclusive perspectives from investment legends Buffett and Munger.Join us as we uncover the intriguing trend of Generation Z leading the charge in stock market involvement and the fascinating overlap between stock trading and sports betting. We also offer a global market update, focusing on the mixed performances across Asia and Europe, and touch upon political dynamics in France and Israel. Domestically, key highlights include Fed Chair Jerome Powell's upcoming testimony and the release of the Consumer Price Index. We also preview the earnings season, spotlighting major banks and S&P 500 companies. Together, we'll explore the historic evolution of market champions and potential investment opportunities, including the Magnificent Seven of today's market and sectors that could benefit from lower interest rates.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

07/01/2024Season 6 | Episode 24What drives generosity and moral behavior in the shadows of anonymity? Explore the fascinating intersection of human nature and financial markets as we kick off the third quarter of 2024 with a deep dive into how our actions are influenced by the eyes—or lack thereof—watching us. We'll unpack various studies and experiments, then shift gears to give you the latest market updates, including the bullish trends in S&P, Nasdaq, and Dow futures, and the unexpected surge in Chewy's stock thanks to Keith Gill's investment. Plus, catch up on pivotal events in Europe and the Asia-Pacific region, rising oil and gold prices, President Biden's 2024 campaign decision, and Disney Pixar's astounding success with "Inside Out 2."Are you wary of the next big tech promise? Eric Savitz joins us to dissect the tech industry's history of overhyped innovations versus real game-changers. We'll explore the potential of artificial intelligence and self-driving cars while discussing oil stocks as a strategic hedge for tech-heavy portfolios—ExxonMobil gets a special mention for its promise. Finally, we'll navigate the choppy waters of equity markets, examining Honeywell's growth prospects and NVIDIA's recent pullback. To top it all off, we'll dive into income investment strategies, spotlighting bonds, mortgage securities, and high-yield sectors. Don't miss this comprehensive outlook to inform your investment decisions!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

June 17, 2024Season 6 | Episode 23 Can tariffs shape the future of our economy as much as they've defined our past? Unravel the complex history and modern implications of tariff policies from their origins with George Washington to their current implementation under Presidents Trump and Biden. We'll guide you through the lasting impact of tariffs on financial markets, the pivotal role they played during the Civil War, and their evolution post-Great Depression and World War II. This episode is your ultimate resource for understanding how historical economic strategies continue to influence modern financial landscapes.Dive into the remarkable market dynamics dominated by tech titans such as Microsoft, Apple, and Nvidia, which have collectively reshaped the S&P 500 and NASDAQ 100. We explore these companies' unprecedented market cap achievements and their significant sway on market volatility. Alongside this, we'll discuss rising government debt, changing consumer behaviors, and groundbreaking technological advancements, like TDK's innovation in solid-state batteries. Our insights will help you navigate the intersection of technology's rapid progress and evolving economic trends.Starbucks' journey through market challenges and opportunities is another focal point of our discussion. Despite its recent underperformance, we analyze the coffee giant's growth strategies, innovative adaptations, and the hurdles it faces. Brad joins us to shed light on the unexpected strength in treasury yields and the fixed income markets, driven by recent economic indicators and institutional buying. Whether you're a seasoned investor or new to the world of finance, this episode is packed with valuable insights to help you understand the complex interplay between historical policies and current market trends.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

June 10, 2024 |Season 6|  Episode 22Is the economy really teetering on the edge of a recession, or are we all just misreading the signs? Today, we dissect the paradox of choppy economic data juxtaposed with a robust stock market as we approach the midpoint of 2024. We cut through the noise to address public misconceptions about GDP growth and market gains, despite many Americans mistakenly believing the opposite. We'll shed light on recent labor market surprises, the impact of rising interest rates and inflation on various demographics, and the critical indicators that the Federal Reserve monitors in shaping future policies.In our tech segment, get ready for an exciting glimpse into the future as we explore Apple's transformation of Siri into a comprehensive digital assistant powered by cutting-edge AI. From text summarization to language translation, find out how Apple plans to revolutionize your daily tech experience. We also spotlight the booming demand for AI chips, featuring key players like NVIDIA and Broadcom. Wrapping up, we dive into Bill Ackman's new closed-end fund, Pershing Square USA, and analyze its potential benefits for investors. Plus, catch the latest corporate news, including major business moves and insights on the Federal Reserve's role in shaping the economic landscape. Don't miss this episode packed with invaluable insights and the latest developments!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

June 3, 2024Season 6 | Episode 21Can the NASDAQ maintain its momentum after a stellar 6.9% gain in May? Join us as we dissect the latest developments in the financial markets, from the recent profit-taking in Nvidia shares to the evolving bond market dynamics. We'll explore Barron's intriguing perspective on the Federal Reserve's stance for the rest of the year and uncover investment opportunities both in short-term municipal bonds and long-term preferred stocks. With the second-quarter earnings season nearly wrapped up, we also highlight the impressive earnings and revenue surprises from S&P 500 companies and what these metrics mean in the context of historical averages and current interest rates.Get ready for early trading insights as Nvidia's product updates stir optimism, meme stocks like GameStop surge, and tech giants like AMD and Taiwan Semi make headlines with new collaborations. We'll cover Best Buy's recent upgrade, overseas market gains, and the latest economic indicators including PMI data and the European Central Bank's anticipated rate cut. Veteran value manager Bill Nygren's strategic moves will be on our radar, alongside the ongoing bond market uncertainty and differing expert opinions on future interest rates. Finally, we dive into the allure of preferred stocks with yields above 7%, making them a focal point for savvy investors. Tune in for a comprehensive market analysis and actionable investment strategies as we navigate June 2024.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

May 28, 2024Season 6 | Episode 20Can the old saying "sell in May and go away" still hold water in today's unpredictable stock market? Join us as we unravel the complexities of May's stock market performance and why adhering to this age-old advice might not be the best strategy this year. We'll explore the transition to T+1 settlement for securities transactions and its potential to reduce market risk and enhance efficiency. Dive into historical investment strategies, from shorting the Mexican peso during Trump's era to the unexpected surge in fossil fuel stocks under Biden, and find out where Goldman Sachs went wrong with its 2024 Treasury yield curve prediction. We'll also discuss the Dow's recent activity and what it might signal for the future.The second part of our episode takes a closer look at the rising threat from Chinese electric vehicle manufacturers, drawing striking historical parallels with past economic power shifts. Discover how Chinese companies, leveraging ample resources and low labor costs, are positioning themselves to challenge American automakers, and what this means for the future of the automotive industry. Lastly, we'll break down recent market trends, including short-term consolidation prospects and the current interest rate landscape. With insights from economist Campbell Harvey on the yield curve's recession predictions and Brad's latest takes on the Treasury and municipal bond markets, this episode is packed with crucial information for any market watcher.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

May 20, 2024Season 6 | Episode 19Grapple with the complexities of a surging inflation rate and its implications on our wallets as we approach Memorial Day. It's a hot topic that can't be ignored, and throughout this episode, we navigate the choppy waters of a post-pandemic economy, examining the Federal Reserve's battle against inflation through interest rate hikes. By understanding the origins and persistent nature of our current economic state, from supply chain shake-ups to shifts in consumer spending, we uncover the significance for investors and everyday spenders alike. Jamie Dimon, CEO of JPMorgan, lends his expertise and insights, painting a vivid picture of an economy at a critical juncture, facing a shrinking workforce and rising wages.This session peels back the layers of economic policies and their real-world repercussions. With interest rates on the rise, we discuss the dichotomy of the wealthy benefiting from increased interest income, while those without savings are hit hardest by inflation's sting. The digital economy's resilience against traditional downturns and the Inflation Reduction Act's impact also come under scrutiny. We delve into the data from consumer surveys and industry leaders' perspectives to assess whether the Fed can steer us towards the elusive 'soft landing' amid these turbulent financial times.Corporate giants and consumers alike are shifting tactics in response to inflation's squeeze. We analyze how companies like McDonald's and Kraft Heinz are reshaping strategies to maintain consumer loyalty. Exploring changes in the travel industry, tech market fluctuations, and the broader geopolitical stage, we offer a comprehensive view of the current economic landscape. Additionally, we examine the exciting intersection of artificial intelligence and smartphone technology, where firms like Qualcomm and Arm Holdings are spearheading a revolution, and consider Bloom Energy's promising role in the energy sector's future. Join us for this rich analysis, as we seek to understand how today's economic trends will shape tomorrow's opportunities.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

May 13, 2024Season 6 | Episode 18Embark on a journey through the intricate web of the US economy and financial markets with me, Keith Lenton, where we'll unravel the complex interplay of corporate earnings and the looming shadow of national debt. Prepare to be enlightened on how these earnings are the linchpin for the stock market's stability and the unforeseeable ways soaring interest rates might fan the flames of inflation. In our latest episode, we dissect the strategic energy pivots from the Trump to Biden administrations and consider the strategic petroleum reserve's critical role in this energy chess game. Plus, Brad offers his seasoned perspective on bond market trends—insights you won't want to miss.The financial landscape is ever-evolving, and this episode brings you to the forefront of the latest market trends and policy shifts that are shaping our economic future. We highlight the giants of Silicon Valley, from Apple's recent maneuvers to Microsoft's expansion into France, and analyze the potential impacts of Fed actions and presidential policies on your pocketbook. As for those thinking about retirement, our conversation on the advantages of postponing Social Security benefits could be a game-changer. All this, underpinned by a deep dive into the reliability of the economic data that guides the Fed's hand, ensures you're armed with the knowledge to navigate these turbulent financial waters.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern